Uniswap price soared after reaching a major deal with BlackRock partner Securitize.
Summary
- UNI price surged after major partnership between Uniswap and Securitize.
- The partnership will see BlackRock’s BUIDL added to UniswapX.
- Technical analysis indicates a reversal in UNI prices.
The Uniswap token (UNI) surged to $4.57, its highest level since January 29, and 62% above its lowest level this year. It then returned to $3.7 at press time. It remains 68% below its 2025 peak.
UNI price surged after a major deal between Uniswap and Securitize, a company that offers tokenization of real-world assets. The partnership will see the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) available on UniswapX.
As a result, on-chain trading for BUIDL will now be possible, opening up liquidity options for BUIDL holders. It aims to bridge traditional finance and decentralized finance. In a statement, Hayden Adams, founder and CEO of Uniswap Labs, said:
“Enabling BUIDL on UniswapX with BlackRock and Securitize strengthens our mission by creating efficient markets, better liquidity, and faster settlement. I’m excited to see what we build together.”
The partnership came at a time when Uniswap is facing major headwinds, including growing competition from other DEX networks like PancakeSwap and Raydiu. Most of the competition comes from perpetual DEX networks like Hyperliquid, edgeX, Lighter, and Aster.
For example, data compiled by DeFi Llama shows that Uniswap processed more than $60 billion in volume in January, well below October’s peak of $123 billion. Its fees fell to $58 million from October’s high of $132 million.
In contrast, Hyperliquid’s January volume stood at over $208 billion, while its fees stood at $78 million. Aster and Lighter handle more volumes than Uniswap as demand for decentralized perpetual futures grows.
UNI Price Prediction: Technical Analysis
The daily time chart shows that the price of the UNI cryptocurrency has been in a strong downward trend over the past few months. It fell from a high of $12.30 in August to a low of $2.80 this month.
The coin rebounded and retested the important resistance level at $4.55 after BlackRock’s announcement. This price was important because it coincides with the neckline of the head and shoulders pattern that formed between April and January of this year.
Therefore, there are signs that the coin has formed a breakout and retest pattern, a common continuation sign in technical analysis. This trend often leads to a continuation, meaning the downtrend will resume as the crypto market crash continues.
